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421 Acacia Ave, Glendale, CA, 91205

421 Acacia Ave, Glendale, CA, 91205 < >
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for sale
$2,870,000
Lot Size:0.23 Acres
Year Built:1953
Status:Active
MLS #:24366386
Date Updated:
For information contact:
CENTURY 21 Ditton Realty
559-683-7653
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Go See This Property
Presented alongside the neighboring 427 E Acacia Avenue building, the two properties are available either individually or as a portfolio. The entire building consists of two bedroom apartments with rents ranging from $2,025 to $2,100, while similar properties are achieving rents above $2,700. A new investor may be able to capture the approximately 27% rent upside more rapidly as the property is granted higher allowable rent increases via AB 1482, when compared to other assets subject to Los Angeles rent control. The buildings are surrounded by attractive shopping and dining options. Mere blocks east, tenants can enjoy boutiques, coffeeshops, and restaurants in historic Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less than one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.
Interior Details
Levels: TwoStories Total: 2

Exterior Details
Lot Size Acres: 0.2344Number Of Buildings: 1
Number Of Units Total: 8Parking Features: Assigned
Parking Total: 0.00

Community Information
County Or Parish: Los AngelesDirections: We are pleased to announce the opportunity to purchase 421 E Acacia Avenue, an eight-unit multifamily property situated near the pristine Adams Hill neighborhood in thriving Glendale, CA.
MLS Area Major: 628 - Glendale-South of 134 FwyParcel Number: 5675027014
Zoning: GLR4YY

Property Information From MLS Data
Year Built: 1953

Listing Information Courtesy of:
List Agent First Name: Roderick
List Agen tLast Name: 'Rick' Raymundo
List Office Name: Marcus & Millichap

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Monthly Payment for 421 Acacia Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$2,870,000
Down Payment:
Loan Amount:$2,296,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap
Information obtained from CACRMLS is current as of 5/2/2024 3:16 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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